The Boeing 737 MAX case took another dramatic turn. On July 24, 2024, the Department of Justice filed with the United States District Court for the Northern District of Texas a proposed plea agreement with Boeing. The plea...more
7/30/2024
/ Airplane Accidents ,
Aviation Industry ,
Board of Directors ,
Boeing ,
Compliance Monitoring ,
Deferred Prosecution Agreements ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Plea Agreements ,
Restitution ,
Safety Standards
NAVEX delivers quality studies and important insights on ethics and compliance topics. In its 2024 State of Risk & Compliance, NAVEX provides a comprehensive report on current trends and practices involving risk and...more
DaVita is a regular target of government enforcement actions involving fraud and illegal kickbacks. It has an extensive history of violations and settlements....more
Healthcare fraud is an ever-growing constant in our economy. It is a battle that presents new and exponential challenges. The U.S. Department of Justice, the HHS-Office of Inspector general and State Attorneys’ General all...more
7/23/2024
/ Bribery ,
Enforcement Actions ,
Fraud and Abuse ,
Health Care Providers ,
Health Insurance ,
Healthcare Fraud ,
Kickbacks ,
Medicare ,
Medicare Fraud ,
Pharmaceutical Industry ,
Physicians ,
Prescription Drugs
A New Your federal district judge handed down a significant decision dismissing much of the SEC’s securities fraud enforcement action against SolarWinds arising from its claims relating to SolarWinds’ cybersecurity policies,...more
Listen to this conversation between Michael Volkov and Halyna Senyk in which they focus on Ukraine's anti-corruption efforts amidst the backdrop of its ongoing war with Russia. Halyna Senyk, an expert from the CEELI...more
NAVEX delivers quality studies and important insights on ethics and compliance topics. In its 2024 State of Risk & Compliance, NAVEX provides a comprehensive report on current trends and practices involving risk and...more
7/19/2024
/ Acquisitions ,
Chief Compliance Officers ,
Compliance ,
Corporate Culture ,
Corporate Governance ,
Employee Training ,
Environmental Social & Governance (ESG) ,
Ethics ,
Mergers ,
Risk Management ,
Voluntary Disclosure
On July 9, 2024, District Judge David Hale in Kentucky denied motions to dismiss and motions to suppress filed by four defendants against a criminal case involving ITAR charges for illegal exports of sensitive,...more
7/18/2024
/ Arms Export Control Act ,
China ,
Compliance ,
Corruption ,
Criminal Prosecution ,
Defense Sector ,
Department of Defense (DOD) ,
DFARS ,
Export Controls ,
Exports ,
Indictments ,
ITAR ,
Motion to Dismiss ,
Motion To Suppress
In a significant expansion of internal controls enforcement, the SEC announced a $2.1 million settlement with R.R. Donnelley & Sons Co. (“RRD”) for its handling of a 2021 ransomware attack and resulting disclosure failures. ...more
Bryn Sedlacek, Vice President, Product Manager at Aravo, joins us on the podcast to discuss third-party risk management with a focus on holistic risks and unified visibility. In a wide-ranging discussion, Mike Volkov and Bryn...more
In a pair of rulings issued near the end of the last Term, Fischer v. United States and Snyder v. United States, the Supreme Court continued to cut back on the Justice Department’s interpretation and enforcement of criminal...more
7/11/2024
/ Bribery ,
Criminal Liability ,
Department of Justice (DOJ) ,
Enforcement ,
Fischer v United States ,
Gifts ,
Illegal Gratuities ,
Public Officials ,
SCOTUS ,
Snyder v United States ,
Statutory Interpretation
In a historic decision, the Supreme Court struck down the forty-year-old agency deference rule established in Chevron v. Natural Resources Defense Council. In two separate decisions, the Supreme Court ruled in Loper Bright...more
In this new era of aggressive sanctions enforcement, companies have to understand the red lines that define where criminal and civil enforcement risk increase. In contrast to the history of FCPA enforcement, DOJ and OFAC...more
In a recent decision, Securities and Exchange Commission v. Jarkesy, the Supreme Court voted 6-3 to reject the Securities and Exchange Commission’s use of in-house administrative proceedings to adjudicate securities fraud...more
7/2/2024
/ Administrative Authority ,
Administrative Proceedings ,
Civil Monetary Penalty ,
Constitutional Challenges ,
Enforcement Actions ,
SCOTUS ,
SEC v Jarkesy ,
Securities and Exchange Commission (SEC) ,
Securities Fraud ,
Securities Regulation ,
Seventh Amendment
LRN has issued another important report -- in its latest report, The 2024 Benchmark of Ethical Culture Report, LRN has focused on the critical issue of corporate culture. LRN is a pacesetter and the leader in reliable...more
OFAC has been busy and not so busy — what do I mean?
OFAC is administering a complex set of coordinated sanctions against Russia, in close coordination with the EU and the UK....more
Dottie Schindlinger is Executive Director of Diligent Institute, the global corporate governance research arm of Diligent - the largest SaaS software company in the Governance, Risk, Compliance (GRC), and ESG space. Diligent...more
Checklists can be handy — by simplifying and focusing on specific issues, a checklist can organize thinking and prioritize tasks.
Here are five (5) questions that are fairly simple but revealing as to whether a company’s...more
A new compliance cottage industry surrounds artificial intelligence. We are at such an early stage of AI development, and companies are still figuring out how they can employ the technology. However, some industries, such as...more
We all know what a “core” sanctions violation looks like. The heartland of such misconduct has been described on numerous occasions in OFAC enforcement actions and settlements. In this environment, however, companies have...more
In this new era of aggressive sanctions enforcement, companies have to understand the red lines that define where criminal and civil enforcement risk increase. In contrast to the history of FCPA enforcement, DOJ and OFAC...more
LRN’s research consistently paints a picture that every board member, senior executive and middle manager should view — corporate culture is an organization’s most valuable intangible asset and is a significant determinant...more
With the beginning of the “New FCPA” era coined by DOJ’s Deputy Attorney General Lisa Monaco, we now need to focus on third-party risk and sanctions enforcement. The law, the practice, and the risks are important and not just...more
In its latest report, The 2024 Benchmark of Ethical Culture Report, LRN has focused on the critical issue of corporate culture. LRN is a pacesetter and the leader in reliable studies on complex ethics and compliance issues....more
We are at an important inflection point — AI technologies are rapidly developing; we are witnessing a historic metamorphosis in the technology, the impact on businesses and society and important steps being taken to regulate...more